Leap Partners
Nashville, TN · Formed 2022 · CEO John Cerasuolo
How it operates
Formed in March 2022 when Concentric Equity Partners (the private equity arm of Financial Investments Corporation) recapitalized Conditioned Air Solutions and built a platform around it. Leap buys HVAC, plumbing and electrical firms across the Southeast and Midwest and keeps them operating under their existing names with the seller usually staying to run the business. By May 2026 it reported 32 companies acquired in four years across Alabama, Florida, Georgia, Kentucky, Missouri, North Carolina, Tennessee and West Virginia. Its Tampa Bay entry is Air Hawk Heating & Cooling of Odessa (Pasco County), built by Joseph Massa over 11 years, who continued to lead it post-close.
Tampa Bay brands (2)
Air Hawk Heating & Cooling
Cool Wizard Air Conditioning Services
Deal history in the region
- Acquisition Cool Wizard Air Conditioning Services → Leap Partners (backed by Concentric Equity Partners)
Capital events
Recapitalizations, sponsor changes, debt raises, bankruptcies and exits at the platform level. These set the clock that local brands live on.
- recap — Concentric Equity Partners announces formation of Leap Partners and the recapitalization of Conditioned Air Solutions as the platform's founding company. [source]
People
- John Cerasuolo — platform ceo. CEO of Nashville-based Leap Partners, which had acquired 32 home-services companies in four years across eight states as of May 2026, including Air Hawk Heating & Cooling in Odessa, Florida.
Frequently asked
Who owns Leap Partners?
Leap Partners is owned by its investors — Concentric Equity Partners — together with management.
Which Tampa Bay companies does Leap Partners own?
Air Hawk Heating & Cooling, Cool Wizard Air Conditioning Services.
Does Leap Partners keep the local brand names?
2 of 2 Tampa Bay brands we track still operate under their original names.
Is Leap Partners private equity?
Yes — it is a private-equity-backed platform (see the capital chain above).
Sources Verified — primary document
- PR Newswire / Leap Partners (2026-05-05) — press release. Air Hawk (Odessa, FL) acquisition; Nashville HQ; CEO John Cerasuolo; 32 companies in four years; eight states
- PR Newswire / Concentric Equity Partners (2022-03-24) — press release. Platform formation date and sponsor
- Financial Investments Corporation / Concentric Equity Partners — press release. Sponsor portfolio page confirming Concentric ownership
- PR Newswire / Leap Partners (2025-07-01) — press release. Earlier Florida expansion release; date approximate, not fetched
- PrivSource (2026-09-09) — other. Leap Partners/Concentric Equity listed as buyer of Paradise Home Services and Tim Ferguson Plumbing, October 2023
Researcher notes: The 2022-03-24 formation date is taken from the Concentric press release headline/PDF filename; the release itself was not fetched. The July 2025 'Leap Partners Expands in Florida' release was not fetched and its targets are unknown. | Concentric Equity is named as Leap's capital partner in a third-party deal database, not in Leap's own releases; the Leap releases reviewed do not identify a sponsor.
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